New Jersey XCEL Life and Health Insurance Test with 100%
Correct Answers | Latest Version
Justin is receiving disability income benefits from a group policy paid for by
his employer. How are these benefits treated? - ✔✔Taxable Income
Which of these is not a non forfeiture option - ✔✔Reduction of Premium
What life insurance is subject to interest rates - ✔✔Universal Life
What decision cant an HSA owner make - ✔✔The amount contributed by the
employer
How long is a contestable period of health insurance policies sold in NJ - ✔✔2
years
What must be included on a Billboard poster selling annuities - ✔✔Name of
Agent
How long must replacement forms must be kept - ✔✔5 years
Type of option where the policy owner defers his current receipt of income
tax and has it paid at a later date, when they are in a lower tax bracket -
✔✔deferred compensation option
New Jersey XCEL Life and Health Insurance Test with 100% Correct Answers | Latest Version
, What is not a core benefit of medicare supplement plan A - ✔✔Deductible
payments for the first 60 days of hospitalization under medical
hospitalization insurance
How many days are needed for notice to extend coverage - ✔✔30
If Mark continues to work after 65 and is covered through employers group
plan what does that mean for medicare - ✔✔medicare is a secondary payer
where are policy benefits found - ✔✔declerations
what cannot be used by an underwriter to when determining whether or not
to accept risk -
✔✔National Association of Insurance Underwriters
elimination period is disability is what? - ✔✔Time that a person must wait
before benefits are paid
When determining whether a health condition applies, how long can the gap
be between the previous health insurance - ✔✔63 days
What cannot be done by an insurance company if the policy contains a
guaranteed renewable premium benefit - ✔✔increase premiums on an
individual basis
why is there a coordination of benefits provision in a group accident health
plan - ✔✔avoid overpaying
New Jersey XCEL Life and Health Insurance Test with 100% Correct Answers | Latest Version
Correct Answers | Latest Version
Justin is receiving disability income benefits from a group policy paid for by
his employer. How are these benefits treated? - ✔✔Taxable Income
Which of these is not a non forfeiture option - ✔✔Reduction of Premium
What life insurance is subject to interest rates - ✔✔Universal Life
What decision cant an HSA owner make - ✔✔The amount contributed by the
employer
How long is a contestable period of health insurance policies sold in NJ - ✔✔2
years
What must be included on a Billboard poster selling annuities - ✔✔Name of
Agent
How long must replacement forms must be kept - ✔✔5 years
Type of option where the policy owner defers his current receipt of income
tax and has it paid at a later date, when they are in a lower tax bracket -
✔✔deferred compensation option
New Jersey XCEL Life and Health Insurance Test with 100% Correct Answers | Latest Version
, What is not a core benefit of medicare supplement plan A - ✔✔Deductible
payments for the first 60 days of hospitalization under medical
hospitalization insurance
How many days are needed for notice to extend coverage - ✔✔30
If Mark continues to work after 65 and is covered through employers group
plan what does that mean for medicare - ✔✔medicare is a secondary payer
where are policy benefits found - ✔✔declerations
what cannot be used by an underwriter to when determining whether or not
to accept risk -
✔✔National Association of Insurance Underwriters
elimination period is disability is what? - ✔✔Time that a person must wait
before benefits are paid
When determining whether a health condition applies, how long can the gap
be between the previous health insurance - ✔✔63 days
What cannot be done by an insurance company if the policy contains a
guaranteed renewable premium benefit - ✔✔increase premiums on an
individual basis
why is there a coordination of benefits provision in a group accident health
plan - ✔✔avoid overpaying
New Jersey XCEL Life and Health Insurance Test with 100% Correct Answers | Latest Version
